The Indian banking sector showed mixed performance in early trading on February 23, 2026. The S&P BSE BANKEX index stood at 68,591.8, down 0.3% at the time of the update. Over the last 30 days, the index gained 1.3%, and over the past year, it rose 21.5%.
The benchmark S&P BSE SENSEX was at 83,371.29, up 0.7%, while the NIFTY 50 traded at 25,740.60, up 0.66%.
Top Gainers and Losers in Banking Stocks
Among banking stocks, notable movements included:
- Indian Bank emerged as a top gainer, rising around 3.3% on BSE (to ₹979.30) and 3.81% on NSE (to ₹982.80).
- Bank of Maharashtra gained about 2.8% on BSE (to ₹70.72) and 2.67% on NSE (to ₹70.63).
- Other public sector banks like Union Bank (up 2.71% on BSE to ₹199.25), PNB (up 1.81% on BSE to ₹132.00), and Bank of Baroda (up 1.29% on BSE to ₹312.95) also posted gains.
On the downside:
- IDFC First Bank saw a sharp decline of 16.22% on BSE (to ₹70.01) and 18.72% on NSE (to ₹67.88).
- AU Small Finance Bank fell 7.13% on BSE (to ₹955.55) and 7.50% on NSE (to ₹952.40).
Most other major private banks traded positively or flat:
- HDFC Bank up 1.29% on BSE (to ₹923.70).
- ICICI Bank up 0.94% on BSE (to ₹1,406.65).
- Axis Bank up 2.03% on BSE (to ₹1,396.00).
- Kotak Mahindra Bank up 1.39% on BSE (to ₹427.20).
- IndusInd Bank slightly down 0.12% on BSE (to ₹924.40).
Smaller banks and regional players like Bank of India, Canara Bank, Central Bank, and J&K Bank recorded modest gains in the 1-2% range.
This update is based on the provided market snapshot for February 23, 2026, early morning. Stock prices are subject to change during the trading session. For the latest quotes, refer to official BSE or NSE platforms.